what caused hyperinflation in Germany in 1923? How did Germany overcome it?
Answers
Answer:
Germany was already suffering from high levels of inflation due to the effects of the war and the increasing government debt. ... In order to pay the striking workers the government simply printed more money. This flood of money led to hyperinflation as the more money was printed, the more prices rose.
Explanation:
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Answer:
Hyperinflation
Germany was already suffering from high levels of inflation due to the effects of the war and the increasing government debt.
‘Passive resistance’ meant that whilst the workers were on strike fewer industrial goods were being produced, which weakened the economy still further.
In order to pay the striking workers the government simply printed more money. This flood of money led to hyperinflation as the more money was printed, the more prices rose.
Prices ran out of control, for example a loaf of bread, which cost 250 marks in January 1923, had risen to 200,000 million marks in November 1923.
By autumn 1923 it cost more to print a note than the note was worth.
During the crisis, workers were often paid twice per day because prices rose so fast their wages were virtually worthless by lunchtime.
Explanation:
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